Finance for Non-Financial Managers

Course overview

Want to understand your company finances, but you aren't an accountant?

Successful managers need to have a basic understanding of finance and budgets, which in turn will lead to better business decisions. Recent research shows that financial results are the principle concerns for managers in today’s competitive workplace. Surprisingly, only half of all managers have the organisation’s bottom line as a main focus.

By understanding how to read and use financial information on a day-to-day basis will give you the control you need to stay on top of your company finances, ensuring that your business remains profitable and successful.

Is this course right for you?

This practical course gives non-financial people the tools and understanding to interpret and use the company's financial information, accounts and budgets in straight-forward and non-threatening way.

No prior knowledge is needed.

What will I learn?

Understand the accounting framework and basic concepts

Analyse and interpret financial information so that you know how well your business is performing

Be able to use your budgets and forecasts on a daily basis as a management tool

Understanding variance analysis

Utilising the cash flow forecast and understanding what steps to take

Understand break-even points and graphs

Detailed course content

The Purpose of Accounting

Understanding accounts

Recognising the basic framework for accounting

Basic Concepts in Finance

Managing Money

Asking yourself three questions

The Financial Picture

How well is your business performing?

Analysing and interpreting financial information

Budgets & Forecasts

Using your budgets and forecasts as a day-to-day management tool

What management information do they provide?

“Where on earth do we start?”

Variance Analysis

What is variance analysis?

Monitoring Variances

Management by exception

The Cash-Flow Forecast

What is the difference between the timing of the Profit & Loss and the Cash-flow forecast?

Using the Cash Flow Forecast

How do you use the cash-flow forecast on an on-going basis?

What steps do we take when things don’t go according to plan

What is Break-Even?

What is a break-even point, and what impact does it have on your overall profits?

What do you need to include when calculating your break-even point?

How do you price your products correctly?

Break-Even Graphs

Learning how to create and read a break-even graph

Appreciating the relationship of cost to volume & economy of scale

What to expect on the day?

The course runs from 9:30am through to 4:30pm. Refreshments are available from 9am.

Our Norwich on-site parking (NR3 1UB) is free and situated 5 minutes walk along the river to our training centre at St James Mill. If you arrive by train it is about 20 minutes on the Riverside walk or a short taxi ride to get to us. View full directions for Norwich and all our other venues.

You will learn in a relaxed environment with a small group of people. A specialist tutor will guide and encourage you through all the learning necessary to develop your skills and questions are always welcome.

Further courses to consider

Course overview

Want to understand your company finances, but you aren't an accountant?

Successful managers need to have a basic understanding of finance and budgets, which in turn will lead to better business decisions. Recent research shows that financial results are the principle concerns for managers in today’s competitive workplace. Surprisingly, only half of all managers have the organisation’s bottom line as a main focus.

By understanding how to read and use financial information on a day-to-day basis will give you the control you need to stay on top of your company finances, ensuring that your business remains profitable and successful.

Our Norwich on-site parking (NR3 1UB) is free and situated 5 minutes walk along the river to our training centre at St James Mill. If you arrive by train it is about 20 minutes on the Riverside walk or a short taxi ride to get to us. View full directions for Norwich and all our other venues.

You will learn in a relaxed environment with a small group of people. A specialist tutor will guide and encourage you through all the learning necessary to develop your skills and questions are always welcome.